December 18th, 2011 — Buying and Selling Coins, Civil War Coins, Coin Appraisal, Coin Collecting, Coin Value, Rare Coins, US Coins
There are several coins which were minted and used during the Civil War. Some of these rare coins value at very high prices while others do not. There are also several fake Civil War coins which entered the market once people realized that these coins were of value to collectors. If you have a Civil War Coin then you want to be sure you get the value of the coin properly determined. Below is some information about how you can go about determining the rare coins value of your Civil War coins.
The Red Book
Annually a book called the Red Book
comes out which has several collectible coins listed in it. The value of the coins at the time the book is printed can be found in the book. This can be a good resource for you of you are 100% certain that the coin you have is from the Civil War era.
The biggest drawback to using this book is that the rare coins value of the coin you are looking up could have changed after the tome the book was distributed. You really only want to use the Red Books if you are just curious about the value of your coin. If you are looking to buy or sell a particular Civil War coin you may want to select a more accurate pricing source.
The Internet
The internet can be tricky place to buy and sell collectible coins. Often people who are selling coins inflate a rare coins value. This is why you should only use the internet to look up information published by coin experts, or numismatics, which are not trying to buy or sell coins.
If you look for resources on the internet which are respected in the coin collection industry you could find that the prices they give are more up to date than the printed in the most recent Red Books. This could make a big difference in your decisions to buy or sell a coin.
Grading Services
It is hard to know what the actual amount of a coin will be without the use of a grading service. If you are going to have your coin graded you want to avoid going to what are called “basement slabbers”. These are coin graders who do inaccurate grading and are not fully recognized or respected by those in the coin collection filed. Instead you will want to go to one of the three top professional coin graders.
The there top coin graders which can help you determine a rare coins value are PCGS, or Professional Coin Grading Services, IGS, or Independent Grading Service, and NGC, Numismatic Grading Corporation. These three services will grade your coin on the respected Sheldon Grading System which consists of a 70 point scale. After they have determined the grade of your coin they will have it sonically sealed so that it can not be tamper3ed with or removed from the case in any way.
Photo Credits: TomConger
Originally posted 2010-08-18 09:29:39. Republished by Blog Post Promoter
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October 7th, 2011 — Ancient Coins, Coin Collecting, Gold, Gold Coins, Gold Eagle Coins, Rare Coins
Gold is one of the most popular substances in the world, and rare gold coins are highly sought out by collectors, not just for the precious gold content, but because of the rarity of the coins and the designs themselves. How do you know if a gold coin is actually rare, or just old? First of all, if you’re shopping in online auctions, which is actually a good place to find coins, decide that you won’t get too excited by every auction that claims its coins are rare.
“Rare” is actually a flash-word in online auctions, designed to get people to view the auction. If you browse the site a while, you’ll find items listed as “rare” and “hard-to-find” that you can probably purchase anywhere with very little effort. This practice has made the word rare almost meaningless on eBay and other online sites. So to find truly rare gold coins, you’ll need to do a little research on the coin that’s offered in the auction, as well as into the seller’s past auctions.
Have a look at the seller’s feedback. Does every auction represented there shout “Rare!” from the rooftops? Also, you can search on the specific coin that’s offered to see which others sellers offer it and what they have to say about it. Then you’ll want to research the coin online to find whether its truly rare, or the use of the word was just an advertising tactic. Truly rare gold coins won’t be found in hundreds or sometimes even dozens of auctions at one time, because of their rarity.
Even reputable online shops that deal in gold coins will exaggerate the use of the word “rare.” If you search on “rare gold coins,” for instance, you’ll come up with hundreds of dealers that don’t really happen to have any rare gold coins for sale, but newly released ones. They’ve simply used “rare” as keyword to rank higher in the search engines when someone’s looking for a rare coin, in the hopes of attracting that customer’s business with their new coin selection.
Your own interest in rare gold coins and a little time spent searching can help you find the right coins. You’ll also get a good idea of the price you should pay for one, judging by the median amount charged by many different dealers. Also do a search on eBay for closed auctions that featured that item, and you’ll see about how much you might end up paying if you should purchase from an auction.
Some of the most rare gold coins from the United States were minted before 1933. Liberty gold coins minted throughout the 19th century, and the Saint-Gaudens gold coins and Indian gold coins minted from the early 1900s to 1933, are some of the best rare coins available today. They’re prized, not just for their gold content and their rarity, but their beautiful designs, with the Saint-Gaudens considered one of the most beautiful American coins minted to date.
The business of buying and selling gold can be profitable, and is one you might be interested in getting into.
Originally posted 2008-11-14 05:34:49. Republished by Blog Post Promoter
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